Ascendas India Trust Q1 DPU up 23%

Singapore

THE business space-focused Ascendas India Trust saw a hike in its first-quarter payout to unit holders, with net property income up despite a slip in revenue on currency rates.

Distribution per unit (DPU) was 1.6 Singapore cents for the three months to June 30, up by 23 per cent on the previous year's 1.31 Singapore cents, the manager said on Wednesday.